Quote Originally Posted by JohnJones View Post
A lazy man sleeps in a cold home, a drunkard sleeps hungry.

The similarities between the two is that they both complain about how hard is it to make money and support anti-capitalism ideas to justify not working hard.

Imagine Centrelink abolished. This country would've been the same as post USSR countries where there is no middle class. Every brothel you go to, WLs will do whatever you wish and not complaint about huge dicks or Indian customers.

The reality is that many Australians behave like entitled pricks compared to the world, only second to Americans. Nobody wants to put in 0.01% extra effort, in fact everyone wants to put in -99.9% effort.

This situation is very similar in Singapore, a country where immigrants build it up to its current glory yet the locals are taking credit for things they contribute little towards. Only the wealthy Singaporeans who could afford houses and permits to own a car are those with "immigrant" mentality - putting 1000% extra effort in for a brighter future.

If you can't find better work opportunities, at least find better ways of saving up. Recession is the time for those with lower spending powers to hoard money so that they can increase their future spending power.
Definitely couldn't agree more with this !

Australia & the USA in particular have become too used to the big government being in their lives and providing everything for them. The problem with capitialism is that you eventually run out of other peoples money to spend !

During these next three to five years:

1. Cash is king - yep, don't be afraid to hoard it underneath the mattress

2. Accumulate income generating assets while they are cheap - I'd put a portion of my monthly salary into dollar cost averaging Apple and Microsoft shares (these guys are not going away despite the current overall state of the financial markets), and soon you may be able to get an investment property at a good price with a good rental yield (look interstate or even overseas if you can access it)

3. If you are going to trade / speculate on the financial markets - look towards oil, gas, energy, commodities, base metals (don't hold long term - get in and get your profits - then use those profits to further increase your asset portfolio per point two above)